Raymond James assumed coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a research report sent to investors on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The firm issued an outperform rating and a $22.00 target price on the financial services provider’s stock.

Several other analysts also recently weighed in on the company. BidaskClub downgraded Central Valley Community Bancorp from a hold rating to a sell rating in a research note on Friday, February 15th. Zacks Investment Research downgraded Central Valley Community Bancorp from a buy rating to a hold rating in a research note on Tuesday, December 18th.

Shares of CVCY stock opened at $19.45 on Wednesday. Central Valley Community Bancorp has a 1-year low of $15.66 and a 1-year high of $22.34. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.02. The firm has a market cap of $269.49 million, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.52 and a beta of 0.26.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its earnings results on Wednesday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Central Valley Community Bancorp had a return on equity of 9.99% and a net margin of 28.57%. The business had revenue of $18.38 million for the quarter, compared to analysts’ expectations of $18.20 million. On average, equities research analysts forecast that Central Valley Community Bancorp will post 1.62 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CVCY. Dalton Greiner Hartman Maher & Co. grew its stake in Central Valley Community Bancorp by 109.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 153,121 shares of the financial services provider’s stock valued at $2,889,000 after purchasing an additional 80,082 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Central Valley Community Bancorp by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 332,983 shares of the financial services provider’s stock valued at $6,283,000 after purchasing an additional 29,659 shares during the last quarter. BlackRock Inc. grew its stake in Central Valley Community Bancorp by 3.3% during the 4th quarter. BlackRock Inc. now owns 586,274 shares of the financial services provider’s stock valued at $11,063,000 after purchasing an additional 18,494 shares during the last quarter. First Trust Advisors LP purchased a new stake in Central Valley Community Bancorp during the 4th quarter valued at about $274,000. Finally, Vanguard Group Inc grew its stake in Central Valley Community Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 449,985 shares of the financial services provider’s stock valued at $9,725,000 after purchasing an additional 7,519 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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